{"id":313327,"date":"2026-10-16T12:01:41","date_gmt":"2026-10-16T06:31:41","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=313327"},"modified":"2026-10-16T12:01:41","modified_gmt":"2026-10-16T06:31:41","slug":"cyient-dlm-share-price-crashes-19-percent-after-q2-results-but-up-213-percent-from-52-week-low-should-you-buy-check-target-prices","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/cyient-dlm-share-price-crashes-19-percent-after-q2-results-but-up-213-percent-from-52-week-low-should-you-buy-check-target-prices\/","title":{"rendered":"Cyient DLM Share Price Crashes 19% After Q2 Results but Up 213% From 52-Week Low: Should You Buy? Check Target Prices"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Cyient DLM share price fell as much as 19.2% to Rs 832.20 on the NSE on 16 Oct 2026 against a previous close of Rs 1,030.10 and a record high of Rs 1,060.10 two days earlier. Q2FY27 consolidated profit rose 5.8% to Rs 34.01 crore, but EBITDA margin fell to 8.7% and FY27 margin guidance was cut. Brokerage targets range from Rs 530 to Rs 1,320. This is educational, not advice.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">The Cyient DLM share price fell as much as 19.2% to Rs 832.20 on 16 October 2026 after Q2FY27 results showed an EBITDA margin of 8.7% and a cut in FY27 margin guidance from 10-11% to 9-10%. Revenue rose 26.5% to Rs 393.09 crore and the order book hit a record Rs 2,810 crore, but consolidated profit grew only 5.8% to Rs 34.01 crore. Brokerages are split, with JPMorgan at Underweight (target Rs 530), Kotak Institutional Equities at Sell (Rs 790), Antique at Hold (Rs 1,025) and Motilal Oswal at Buy (Rs 1,320). The Cyient DLM share price near Rs 865 is still far above the 52-week low of Rs 264.95, so the risk is a further reset in valuation and the decision is yours.<\/p>\n<\/p><\/div>\n<p>Cyient DLM is an electronics manufacturing services (EMS) company that serves aerospace, defence, industrial and medtech customers. The Cyient DLM share price had risen about 300% from its 30 March 2026 low to a record Rs 1,060.10 on 14 October, so the Cyient DLM share price went into the results priced for strong delivery.<\/p>\n<p>This guide explains what the Cyient DLM share price fall means: the Q2FY27 numbers, why margins missed, what the order book and guidance say, what each brokerage target implies and the risks. It is educational and not a recommendation to buy or sell.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=cyient-dlm-share-price-crashes-19-percent-after-q2-results-but-up-213-percent-from-52-week-low-should-you-buy-check-target-prices\">Click Here &#8211; Get Free Investment Predictions<\/a><\/strong><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/cyient-dlm-share-price-crashes-19-percent-after-q2-results-but-up-213-percent-from-52-week-low-should-you-buy-check-target-prices\/#Cyient_DLM_Share_Price_Today_How_Far_It_Has_Fallen\" title=\"Cyient DLM Share Price Today: How Far It Has Fallen\">Cyient DLM Share Price Today: How Far It Has Fallen<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/cyient-dlm-share-price-crashes-19-percent-after-q2-results-but-up-213-percent-from-52-week-low-should-you-buy-check-target-prices\/#Cyient_DLM_Q2FY27_Results_The_Numbers\" title=\"Cyient DLM Q2FY27 Results: The Numbers\">Cyient DLM Q2FY27 Results: The Numbers<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/cyient-dlm-share-price-crashes-19-percent-after-q2-results-but-up-213-percent-from-52-week-low-should-you-buy-check-target-prices\/#Why_Margins_Missed_and_What_It_Means_for_the_Cyient_DLM_Share_Price\" title=\"Why Margins Missed and What It Means for the Cyient DLM Share Price\">Why Margins Missed and What It Means for the Cyient DLM Share Price<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/cyient-dlm-share-price-crashes-19-percent-after-q2-results-but-up-213-percent-from-52-week-low-should-you-buy-check-target-prices\/#Guidance_Cut_What_Management_Expects_for_the_Cyient_DLM_Share_Price\" title=\"Guidance Cut: What Management Expects for the Cyient DLM Share Price\">Guidance Cut: What Management Expects for the Cyient DLM Share Price<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/cyient-dlm-share-price-crashes-19-percent-after-q2-results-but-up-213-percent-from-52-week-low-should-you-buy-check-target-prices\/#Cyient_DLM_Target_Price_What_Brokerages_Say\" title=\"Cyient DLM Target Price: What Brokerages Say\">Cyient DLM Target Price: What Brokerages Say<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/cyient-dlm-share-price-crashes-19-percent-after-q2-results-but-up-213-percent-from-52-week-low-should-you-buy-check-target-prices\/#Should_You_Buy_the_Cyient_DLM_Share_Price_Dip\" title=\"Should You Buy the Cyient DLM Share Price Dip?\">Should You Buy the Cyient DLM Share Price Dip?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/cyient-dlm-share-price-crashes-19-percent-after-q2-results-but-up-213-percent-from-52-week-low-should-you-buy-check-target-prices\/#What_to_Watch_Next\" title=\"What to Watch Next\">What to Watch Next<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/cyient-dlm-share-price-crashes-19-percent-after-q2-results-but-up-213-percent-from-52-week-low-should-you-buy-check-target-prices\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/cyient-dlm-share-price-crashes-19-percent-after-q2-results-but-up-213-percent-from-52-week-low-should-you-buy-check-target-prices\/#Frequently_Asked_Questions\" title=\"Frequently Asked Questions\">Frequently Asked Questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/cyient-dlm-share-price-crashes-19-percent-after-q2-results-but-up-213-percent-from-52-week-low-should-you-buy-check-target-prices\/#Why_did_the_Cyient_DLM_share_price_crash_19\" title=\"Why did the Cyient DLM share price crash 19%?\">Why did the Cyient DLM share price crash 19%?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/cyient-dlm-share-price-crashes-19-percent-after-q2-results-but-up-213-percent-from-52-week-low-should-you-buy-check-target-prices\/#What_is_the_Cyient_DLM_share_price_target_after_Q2_results\" title=\"What is the Cyient DLM share price target after Q2 results?\">What is the Cyient DLM share price target after Q2 results?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/cyient-dlm-share-price-crashes-19-percent-after-q2-results-but-up-213-percent-from-52-week-low-should-you-buy-check-target-prices\/#What_were_the_Cyient_DLM_Q2FY27_results\" title=\"What were the Cyient DLM Q2FY27 results?\">What were the Cyient DLM Q2FY27 results?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/cyient-dlm-share-price-crashes-19-percent-after-q2-results-but-up-213-percent-from-52-week-low-should-you-buy-check-target-prices\/#Why_does_the_headline_on_the_Cyient_DLM_share_price_say_profit_rose_43\" title=\"Why does the headline on the Cyient DLM share price say profit rose 43%?\">Why does the headline on the Cyient DLM share price say profit rose 43%?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/cyient-dlm-share-price-crashes-19-percent-after-q2-results-but-up-213-percent-from-52-week-low-should-you-buy-check-target-prices\/#Is_the_Cyient_DLM_share_price_up_213_from_the_52-week_low\" title=\"Is the Cyient DLM share price up 213% from the 52-week low?\">Is the Cyient DLM share price up 213% from the 52-week low?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/cyient-dlm-share-price-crashes-19-percent-after-q2-results-but-up-213-percent-from-52-week-low-should-you-buy-check-target-prices\/#How_does_the_order_book_support_the_Cyient_DLM_share_price\" title=\"How does the order book support the Cyient DLM share price?\">How does the order book support the Cyient DLM share price?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/cyient-dlm-share-price-crashes-19-percent-after-q2-results-but-up-213-percent-from-52-week-low-should-you-buy-check-target-prices\/#What_are_the_risks_of_the_Cyient_DLM_share_price\" title=\"What are the risks of the Cyient DLM share price?\">What are the risks of the Cyient DLM share price?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/cyient-dlm-share-price-crashes-19-percent-after-q2-results-but-up-213-percent-from-52-week-low-should-you-buy-check-target-prices\/#Is_this_article_investment_advice\" title=\"Is this article investment advice?\">Is this article investment advice?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Cyient_DLM_Share_Price_Today_How_Far_It_Has_Fallen\"><\/span><strong>Cyient DLM Share Price Today: How Far It Has Fallen<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Item<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Level<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Note<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Previous close (15 Oct, NSE)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,030.10<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Before the Q2FY27 reaction<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Record high<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,060.10 on 14 Oct 2026 (BSE)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">NSE 52-week high shows Rs 1,061<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Intraday low<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 832.20 (NSE), Rs 830.35 (BSE)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Down about 19%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Cyient DLM share price at 11:41 am<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 865.10 (NSE)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Down about 16% (live quote)<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">52-week low<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 264.95 on 30 March 2026 (BSE)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">NSE shows Rs 265.20<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Gain from the 52-week low at the day&#8217;s low<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 213%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">830.35 \/ 264.95, my calculation; matches the headline<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Gain from the 52-week low at Rs 865.10<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 226%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">865.10 \/ 265.20, my calculation<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Fall from the record high at Rs 865.10<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 18.4%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">My calculation<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Market capitalisation<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About Rs 6,930 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">NSE data around 10:50 am<\/td>\n<\/tr>\n<\/table>\n<p>The Cyient DLM share price traded about 24.8 lakh shares on the NSE by 11:41 am, a heavy volume for a stock of this size. Business Standard linked the fall in the Cyient DLM share price to profit booking, while Whalesbook pointed to investor caution about EMS valuations. Both can be true at once: the stock had tripled and the margin miss gave holders a reason to sell.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href=\"https:\/\/univest.in\/screeners\">Screen small cap stocks on the Univest Screener<\/a><\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Cyient_DLM_Q2FY27_Results_The_Numbers\"><\/span><strong>Cyient DLM Q2FY27 Results: The Numbers<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Metric (consolidated)<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Q2FY27<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Change<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Revenue from operations<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 393.09 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up 26.5% YoY and 5.2% QoQ<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">EBITDA<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 34.2 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up 9.5% YoY<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">EBITDA margin<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">8.7%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Down 135 bps YoY; Antique expected 10.4%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Gross margin<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">37.4%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Down 380 bps YoY and 53 bps QoQ<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Net profit<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 34.01 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up 5.8% YoY from Rs 32.15 crore; up 108.9% from Rs 16.29 crore in Q1<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Order book<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 2,810 crore (record)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up 23% YoY per Motilal Oswal; book-to-bill 1.6x<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Half-year net profit<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 50.30 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up 27.0% from Rs 39.61 crore<\/td>\n<\/tr>\n<\/table>\n<p>The headline mentions a 43% rise in net profit and 25% revenue growth. Those match the standalone numbers (profit of Rs 19.38 crore against about Rs 13.5 crore, revenue near Rs 294.8 crore), not the consolidated figures above. Consolidated results include overseas units such as Altek Electronics in Connecticut, now Cyient DLM Electronics Inc., and are the numbers most brokerages use. This reading of the headline is my inference.<\/p>\n<p>Revenue of Rs 393 crore was also below Antique&#8217;s estimate of Rs 400 crore. A 26.5% sales rise with a 5.8% profit rise shows that growth did not reach the bottom line, which is why the Cyient DLM share price reacted so sharply.<\/p>\n<p><strong>Risk:<\/strong> Sources differ on the order book (Rs 2,810 crore, Rs 2,813.7 crore and Rs 2,814 crore), so check the company presentation.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_Margins_Missed_and_What_It_Means_for_the_Cyient_DLM_Share_Price\"><\/span><strong>Why Margins Missed and What It Means for the Cyient DLM Share Price<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Segment<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Q2FY27 revenue<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Share of revenue<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">YoY growth<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Aerospace<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 185 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">47%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up 61%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Industrials<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 122 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">31%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up 31%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Medtech<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 55 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 14% (my calculation)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up 11%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Defence<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 28 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 7% (my calculation)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up 11%<\/td>\n<\/tr>\n<\/table>\n<p>Aerospace and industrials carried the growth behind the Cyient DLM share price, while defence and medtech grew only 11%. The company cited an adverse revenue mix, product development purchases, supply chain lead times, higher sales and marketing staff costs and a one-off raw material expense for developmental orders. Development costs are expensed in full and not capitalised, which hits reported margin today but keeps the balance sheet cleaner.<\/p>\n<p>Motilal Oswal noted that box-build work rose to 37% of revenue from 25% a year earlier. Box-build carries lower margin than component-level work, so growth in it can lower margin even when demand is good, which is one reason the Cyient DLM share price fell on a quarter with strong sales.<\/p>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track Cyient DLM and set price alerts.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Guidance_Cut_What_Management_Expects_for_the_Cyient_DLM_Share_Price\"><\/span><strong>Guidance Cut: What Management Expects for the Cyient DLM Share Price<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Item<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Updated view<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Earlier view or note<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">FY27 EBITDA margin<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">9% to 10%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Cut from 10% to 11%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">FY28 EBITDA margin<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Double digit<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Margin gains expected as investments are done<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">H2FY27 revenue growth<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Over 30% YoY<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Management expectation<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Quarterly order intake<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Above Rs 600 crore for the next two quarters<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Management expectation<\/td>\n<\/tr>\n<\/table>\n<p>ICICI Securities said the build-to-spec pipeline is about $1 billion with a historical win rate near 40%, and that semiconductor capital equipment programmes are ramping up. It also called AI data centres and robotics early-stage opportunities. Antique cut its FY27 and FY28 EPS estimates by 10% and 2%, and Motilal Oswal cut FY27 EPS by 16% while keeping FY28 and FY29 unchanged.<\/p>\n<p><strong>Risk:<\/strong> Guidance depends on supply chains and new programmes ramping on time, and one more margin miss would hurt the Cyient DLM share price again.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Cyient_DLM_Target_Price_What_Brokerages_Say\"><\/span><strong>Cyient DLM Target Price: What Brokerages Say<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Brokerage<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Rating<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Target price<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Versus Rs 865.10 (my calculation)<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">JPMorgan<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Underweight<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 530<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Down 38.7% (48% below the Rs 1,030.10 close)<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Kotak Institutional Equities<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Sell<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 790<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Down 8.7%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Antique Stock Broking<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Hold (cut from Buy)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,025 (from Rs 1,031)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up 18.5%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Motilal Oswal<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Buy (reiterated)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,320<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up 52.6%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">PL Capital<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Reduce (per the headline)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Not found<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Not available<\/td>\n<\/tr>\n<\/table>\n<p>The Cyient DLM target price range of Rs 530 to Rs 1,320 is a 2.5 times spread, which shows how little agreement there is on the next few years. Motilal Oswal values the stock at 50 times September 2028 EPS (0.8 PEG), which implies EPS of about Rs 26.4 (my calculation). At Rs 865.10 that is about 32.8 times the same EPS, so the Cyient DLM share price still depends on Motilal Oswal&#8217;s 30% revenue CAGR for FY26 to FY29.<\/p>\n<p>Motilal Oswal also sees four Electronic Products programmes worth about $1 billion over 7 to 9 years driving growth from FY30, with EBITDA margin rising from 9% to 11% today to 13% to 18%. PL Capital&#8217;s Reduce rating is from the headline, and I could not find its target price.<\/p>\n<p><strong>Risk:<\/strong> Targets are opinions made on earnings estimates that can change, and the Cyient DLM target price from one broker can be far from another.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Should_You_Buy_the_Cyient_DLM_Share_Price_Dip\"><\/span><strong>Should You Buy the Cyient DLM Share Price Dip?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Situation<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">What to weigh<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Main risk<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Already holding<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Order book, H2 growth guidance and FY28 margin recovery against a cut in FY27 margin<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">A second miss could extend the fall<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Waiting on the sidelines<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Whether the Cyient DLM share price stabilises above the Rs 830 low on lower volume<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Missing a rebound if one comes<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Thinking of a fresh entry<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Valuation of about 33 times Motilal Oswal&#8217;s September 2028 EPS and four brokers who disagree<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Paying a high multiple for growth that is yet to arrive<\/td>\n<\/tr>\n<\/table>\n<p>A 19% one-day drop does not tell you whether the Cyient DLM share price is good value or fair. It shows that expectations were high. Investors who act on a dip should size the position small, avoid averaging down without new evidence and compare the stock&#8217;s growth plan with its multiple.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_to_Watch_Next\"><\/span><strong>What to Watch Next<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ol>\n<li>Whether the Cyient DLM share price holds above the Rs 830 intraday low in the next sessions<\/li>\n<li>Q3FY27 gross margin and EBITDA margin against the 9% to 10% guidance<\/li>\n<li>Quarterly order intake against the Rs 600 crore guidance and the book-to-bill ratio, a key driver of the Cyient DLM share price<\/li>\n<li>Progress on the Electronic Products and semiconductor equipment programmes<\/li>\n<li>Target price changes from brokerages after the earnings call<\/li>\n<\/ol>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Cyient DLM share price fell about 16% to 19% because the margin fell short and guidance was cut, even with 26.5% revenue growth and a record order book. Brokerage views range from Underweight to Buy, so treat the stock as high risk and do your own research.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span><strong>Frequently Asked Questions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Why_did_the_Cyient_DLM_share_price_crash_19\"><\/span><strong>Why did the Cyient DLM share price crash 19%?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Q2FY27 EBITDA margin fell 135 bps to 8.7%, missing Antique&#8217;s 10.4% estimate, and FY27 margin guidance was cut to 9% to 10%. The Cyient DLM share price had also gained about 300% from its March low.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Cyient_DLM_share_price_target_after_Q2_results\"><\/span><strong>What is the Cyient DLM share price target after Q2 results?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> JPMorgan Rs 530 (Underweight), Kotak Institutional Equities Rs 790 (Sell), Antique Rs 1,025 (Hold) and Motilal Oswal Rs 1,320 (Buy). PL Capital&#8217;s Reduce rating has no target price in the sources I found.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_were_the_Cyient_DLM_Q2FY27_results\"><\/span><strong>What were the Cyient DLM Q2FY27 results?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Consolidated revenue was Rs 393.09 crore (up 26.5%), EBITDA margin 8.7% and net profit Rs 34.01 crore (up 5.8%). The order book was a record Rs 2,810 crore.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_does_the_headline_on_the_Cyient_DLM_share_price_say_profit_rose_43\"><\/span><strong>Why does the headline on the Cyient DLM share price say profit rose 43%?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> That figure appears to be the standalone profit of Rs 19.38 crore against about Rs 13.5 crore. Consolidated profit rose only 5.8%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_the_Cyient_DLM_share_price_up_213_from_the_52-week_low\"><\/span><strong>Is the Cyient DLM share price up 213% from the 52-week low?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> At the day&#8217;s low of Rs 830.35 it was about 213% above the 52-week low of Rs 264.95 (my calculation). At about Rs 865 it is nearly 226% above.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_does_the_order_book_support_the_Cyient_DLM_share_price\"><\/span><strong>How does the order book support the Cyient DLM share price?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> A record Rs 2,810 crore with a book-to-bill ratio of 1.6x. Some sources give Rs 2,813.7 crore or Rs 2,814 crore.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_risks_of_the_Cyient_DLM_share_price\"><\/span><strong>What are the risks of the Cyient DLM share price?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Margin pressure, a guidance cut, supply chain delays, a high multiple and large gaps between brokerage targets.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_this_article_investment_advice\"><\/span><strong>Is this article investment advice?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> No. It is educational and not a recommendation to buy or sell.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"Why did the Cyient DLM share price crash 19%?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Q2FY27 EBITDA margin fell 135 bps to 8.7%, missing Antique's 10.4% estimate, and FY27 margin guidance was cut to 9% to 10%. The Cyient DLM share price had also gained about 300% from its March low.\"}},{\"@type\":\"Question\",\"name\":\"What is the Cyient DLM share price target after Q2 results?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"JPMorgan Rs 530 (Underweight), Kotak Institutional Equities Rs 790 (Sell), Antique Rs 1,025 (Hold) and Motilal Oswal Rs 1,320 (Buy). PL Capital's Reduce rating has no target price in the sources I found.\"}},{\"@type\":\"Question\",\"name\":\"What were the Cyient DLM Q2FY27 results?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Consolidated revenue was Rs 393.09 crore (up 26.5%), EBITDA margin 8.7% and net profit Rs 34.01 crore (up 5.8%). The order book was a record Rs 2,810 crore.\"}},{\"@type\":\"Question\",\"name\":\"Why does the headline on the Cyient DLM share price say profit rose 43%?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"That figure appears to be the standalone profit of Rs 19.38 crore against about Rs 13.5 crore. Consolidated profit rose only 5.8%.\"}},{\"@type\":\"Question\",\"name\":\"Is the Cyient DLM share price up 213% from the 52-week low?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"At the day's low of Rs 830.35 it was about 213% above the 52-week low of Rs 264.95 (my calculation). At about Rs 865 it is nearly 226% above.\"}},{\"@type\":\"Question\",\"name\":\"How does the order book support the Cyient DLM share price?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"A record Rs 2,810 crore with a book-to-bill ratio of 1.6x. Some sources give Rs 2,813.7 crore or Rs 2,814 crore.\"}},{\"@type\":\"Question\",\"name\":\"What are the risks of the Cyient DLM share price?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Margin pressure, a guidance cut, supply chain delays, a high multiple and large gaps between brokerage targets.\"}},{\"@type\":\"Question\",\"name\":\"Is this article investment advice?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"No. It is educational and not a recommendation to buy or sell.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Cyient DLM share price fell as much as 19% after Q2FY27 results. See the numbers, margin guidance cut, brokerage targets from Rs 530 to Rs 1,320 and the risks.<\/p>\n","protected":false},"author":36,"featured_media":313326,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[842],"tags":[12832,2695,12830,12831,8490,1278],"class_list":["post-313327","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-cyient-dlm-order-book","tag-cyient-dlm-q2-results","tag-cyient-dlm-share-price","tag-cyient-dlm-target-price","tag-ems-stocks","tag-small-cap-stocks"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["313326"],"rank_math_title":["Cyient DLM Share Price Falls 19% After Q2: Targets Compared"],"rank_math_description":["Cyient DLM share price fell as much as 19% after Q2FY27 results. See the numbers, the margin guidance cut, brokerage targets and the risks before you act on it."],"rank_math_focus_keyword":["Cyient DLM share price"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/10\/cyient-dlm-share-price-crashes-19-after-q2-results-but-up-213-from-52-week-low.webp","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/313327","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/36"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=313327"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/313327\/revisions"}],"predecessor-version":[{"id":313328,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/313327\/revisions\/313328"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/313326"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=313327"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=313327"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=313327"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}